In July 2026, there is an expansion of industry types that will have obligations under our Anti Money Laundering / Counter-Terrorism Funding Legislation.
Businesses within the following industry groups will have obligations under the legislation from 1st July 2026.
- Real estate professionals – such as real estate agents, buyers’ agents and property developers
- Lawyers
- Conveyancers / settlement agents
- Accountants
- Trust and company service providers
- Dealers in precious stones / metals / products (e.g. jewellery)
If you are in one of these industries, and you don’t have Cyber Cover (or wish for your cover to be reviewed against these changes), reach out to your Broker today.
For more information, visit the AUSTRAC website for a summary.
